Max Petroleum: Spudding of BCHW-3 Appraisal Well
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, is pleased to announce that it has commenced drilling the BCHW-3 appraisal well in the Baichonas West Field on Block E using the Zhanros ZJ-20 rig. The well will be drilled to a total vertical depth …
Cadogan Petroleum: Half-yearly Report 2013
Cadogan Petroleum plc, an independent oil and gas exploration, development and production company with onshore gas, condensate and oil assets in Ukraine, announces its unaudited results for the six months ended 30 June 2013. *Continued production from the Debeslavetska and Cheremkivska licences at a combined rate of about 14.5 mcm/day …
Rosneft Top Managers Increase Stakes in Charter Capital
Rosneft top managers increased their interests in the Company’s charter capital. Considerable shareholdings in the Company’s charter capital were acquired by Rosneft Vice Presidents Eric Maurice Liron, Zeljko Runje and Igor Maydannik: *Eric Maurice Liron, First Vice President of Rosneft, increased his holding to 0.0035% *Zeljko Runje, member of the …
Rosneft Publishes Its 2012 Sustainability Report with A+ GRI Guidelines Application Level
The 2012 Rosneft Sustainability Report has been prepared in accordance with the international Sustainability Reporting Guidelines of the Global Reporting Initiative (GRI). It scores the highest GRI guidelines application level of A+. The publication of non-financial reporting is a voluntary initiative of Rosneft that demonstrates its corporate governance and enhances …
C.A.T oil AG: Revenues Up 33%, Strong Growth in Oilfield Services
C.A.T. oil AG, one of the leading providers of oil and gas field services in Russia and Kazakhstan, achieved record results in H1 2013. The Company boosted its revenues by 33.2% yoy to EUR 210.1 million (H1 2012: EUR 157.8 million) and EBITDA by 55.8% yoy to EUR 52.7 million …
International Petroleum: Director Resignation
International Petroleum Limited announces that Mr Vladimir Mangazeev resigned as a non-executive director yesterday with immediate effect.Earlier this year, in order to minimise cash outflows, the Company temporarily ceased its oil and gas exploration and production activities in Russia. Since the Company has not been utilising Mr Mangazeev’s Russian oil …
TMK Supplies Pipes to ONGC for Construction of Offshore Pipelines
TMK, one of the world’s leading producers of tubular products for the oil and gas industry, shipped pipes for the construction of offshore pipelines for Oil and Natural Gas Corporation Limited (ONGC), India’s state-run oil company. The new delivery is part of the Company’s cooperation with India’s largest oil producer for a …
Lukoil Net Income Doubled in the Second Quarter of 2013 and reached $2.1 Billion, EBITDA Amounted to $4.4 Billion
Lukoil has published consolidated US GAAP financial statements for the second quarter of 2013. In the second quarter of 2013 the Company’s net income of $2,104 million increased 107% compared to the second quarter of 2012. EBITDA was $4,359 million, which is a 26% y-o-y increase. Sales revenue reached $35,053 million, …
TMK PF Premium Connections Approved by ADCO
ТМК, one of the world’s leading producers of tubular products for the oil and gas industry, has received an official notice of product approval from Abu Dhabi Company for Offshore Oil Operations (ADCO). Volzhsky Pipe Plant (VTZ), a TMK subsidiary, was acknowledged by ADCO as an approved vendor of threaded …
Max Petroleum: Final Conversion of Convertible Bonds
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, is pleased to announce that it has received written regulatory approval from the Ministry of Oil and Gas of the Republic of Kazakhstan permitting the conversion of the Company’s outstanding 10% notes, comprising US$28.6 million in …